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in the local economy by my parts. every person who works on my product is going to raise the price of my product. every hand that touches the unit that i sell, a certain percentage of the company buys this products. every time i go to a vendor to get a part, my costs will increase. my competitor build a similar part for almost a third of what i build a mine. you will take away the factory workers who manufacture my parts. this is all usa jobs. lower the price of gas. back to two bucks a gallon and you won't have to worry about the minimum wage. host: how would an economist pre-minimum wage respond to that caller? guest: you are raising the cost of that worker to that business. that worker will have more money to spend. you can make more profits. you can pass the cost to people who are buying your goods by raising prices. raising the minimum wage has an effect on the economy. the question -- if there is a chance it would raise unemployment or perhaps put a business in the red. host: michelle, tacoma, washington. caller: i just realized our state is one of the higher states with minimum w
. ai joins us from the business desk. >> major economies embark on similarly bold monetary easing measures just as japan. it works to weaken all of their asor japan a report from the international monetary fund dismisses worries that japan's monetary easing could lead to a global currency war. the concerns are overstated. the report states the recent move in the currency market is correcting the excessively strong yen. it says recent market moves reflect the fundamentals of the global economy. imf officials point out that japan's trade deficit is growing and moves by traders to by the yen as a relatively safe currency has paused. these factors led to weaker yen. stronger monetary easing measures are needed. the report was issued at the g20 meeting that took place last weekend in moscow. >>> many participants at a recent trade policy meeting may also have backed japan's economic program, but some concerns aut the falling yen. japan's representatives faced a policy review at the world trade organization in geneva. wto members generally welcomed japan's economic program. they said th
will collapse. this is $85 billion in net of three and half trillion dollar budget in the $16 trillion economy. i would be hard-pressed to explain how cutting 85 billion -- think of it as taking 85 billion out of your allowance of $3,800. eighty-five bucks out. as not going to end things. lou: percentages are, perhaps, the easiest way to comprehend this. 2 percent, you know, is not that significant. on the other hand, it is easy to recall that rat poison is mostly of meal in most cases with 2% poison in it. 2% can be deadly and destructive in some cases determined. go ahead. >> no one should argue this is a good idea. this is, as i was quoted, a bad idea whose time has come because the worse idea is to not deal with the spending. that is the problem. and at least they are agreeing that there not going to do nothing. so it is either do real spending cuts that are real choices and really passed the senate, which we have not seen passed the house. with this. lou: at some point, and i know that you are doing your level best to try to bring rationality into the nation. >> not my fault. lou: i under
hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthist americans and biggest corporations. that's the choice. are you willing to see a bunch of first responders lose their job because you want to protect some special interest tax loophole? are you willing to have teachers laid off, or kids not have access to head start? or deeper cuts in student loan programs? just because you want to protect a special tax interest loophole that the vast majority of americans don't benefit from. that's the choice, that is the question. and this is not an abstraction. there are people whose livelihoods are at stake, there are communities that are going to be impacted in a negative way, and i know that sometimes all this squabbling in washington seems very abstract, and in the abstract people like the idea, you know, there must be some spending we can cut, there must s out there. there absolutely is, but this isn't the right way to do it. so my door is open. i put tough cuts and reforms on the table. i'm willing to
shrinks the deficit faster than a growing economy that creates good jobs. we need to make america a magnet for good jobs, equipping our people with the skills required to fill the jobs. making sure their hard work leads to a decent living. those are the things we should be pushing ourselves to think about and work on every single day. that's what the american people expect. that's when i'm going to work on every single day to help deliver. so i need everybody who is watching today to understand we've got a few days, congress can do the right thing. we can avert just one more washington-manufactured problem that slows our recovery and bring down our deficits in a balanced, responsible way. that is my goal, that's what would do right by these first responders, these what would do right by america's middle class. that's what i'm going to be working on and fighting for, not just over the next few weeks but over the next few years. thanks very much, everybody. thank you guys for your service. [applause] [applause] jon: "happening now" at the white house president obama shake hands with a group
in congress on the economy. 42% to 48% on health care, with 45% trust and the president on gun policy more of 43% trust republicans with gun policy. on the issue of the environment, 55% trust president obama more. foreign policy, it is 51% to 37%. theresa, nevada. caller: regarding president obama using executive orders to go around the republicans in the house, i am all for it. i am aware that this is a two- party democracy and we need republicans to be reasonable working party, but they have not been. the president has no choice but to go around them. john boehner has walked away. i am frustrated and the country is frustrated, other democrats are frustrated and scared. i am scared of the things they're willing to do to our country. he is doing what he has to do. i am all for his proposals, all for clean energy and comprehensive immigration, i am for gun legislation. i am for all of them. i am center-left, that is progressive. i think the country is definitely going progressive. i do not understand where the republicans want to obstruct and go with their small mindedness and small governm
things that are growing faster than the economy. that's stupid, stupid stupid. >> and yet sounds like you think when the sequester kicks in, that may be a window to do something big. tell us what's going to happen march 1 when the sequester cuts taking and why you think that might be a chance to do something big. >> when you guys go here to reagan airport and wait in line for three hours to get through security, you're going to be test. and so is everybody else. and you can use lots of different stories just like that. and when that happens to come back to congress and say, we are sick of this, let's get together, let's do something smart, let's put the partisanship aside, let's go together and let's fix this de debt. >> senator simpson, many people in this room have seen online the video of you gangnam style, a little harlem shake for us? pay for it? >> i didn't hear the last -- >> a little harlem shake for us? >> these young people, you've got to admire them. they handed me the script and it said stop instagram your breakfast. i said what the hell is that? and then it said and stop twee
will be compromised and the economy will take a hit if forced budgets cuts begin to happen on march 1st and the obama administration says republicans will be to blame. >> the pleas that the republicans are making are throw these people out of work. it's just -- it makes no sense. >> reporter: but when pressed on whether the president has his own plan to stop the cuts, white house press secretary jay carney pointed to the grand bargain mr. obama failed to reach with house speaker john boehner two careers ago. >> when you ask where's the president's plan, it's been there. it's at >> a budget plan for the long term, where is -- >> the president -- >> the president take the lead and -- >> first of all, congress has to act. >> reporter: less than two months since the fiscal cliff that resulted in tax increases on wealthy americans. boehner notes the idea for the automatic cuts originated in the white house adding mr. president, we agree that your sequester is bad policy. what spending are you willing to cut to replace it? the white house fires back pointing out boehner seems satisfied when
Search Results 0 to 9 of about 10 (some duplicates have been removed)